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Rating Reports

Our comprehensive in-depth reports deliver expert insights into the regulatory, compliance, technology, and economic aspects of diverse digital assets across global jurisdictions.

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Rating Abstracts

Fixed Income

Mar 18, 2025

Particula Rating Abstract: Blockstream Mining Note (BMN2), March 2025

Particula assigns an AA- rating to the issuance of the Blockstream Mining Note (BMN2) token by Blockstream Mining as of March 5, 2025.*

Rating Reports

Fixed Income

Feb 17, 2025

Particula Rating Report: Wellington ($ULTRA), February 2025

Particula assigns an AA+ rating to the issuance of the Delta Wellington Ultra Short Treasury On-Chain Fund token ($ULTRA) by Delta Master Trust as of February 17, 2024.*

Rating Abstracts

Fixed Income

Jan 27, 2025

Particula Rating Abstract: SPIKO ($USTBL), January 2025

Particula assigns an AA rating to the issuance of the USTBL token by Spiko SICAV as of January 22, 2025.*

Rating Abstracts

Fixed Income

Nov 5, 2024

Particula Rating Abstract: Backed ($bIB01), September 2024

Particula assigns an A rating to the issuance of the bIB01 $ Treasury Bond 0-1 yr token by Backed as of September 18, 2024.*

Rating Reports

Fixed Income

Oct 1, 2024

Particula Rating Report: Anemoy ($LTF), September 2024

Particula assigns an A+ rating to the issuance of the Liquid Treasury Fund 1 ($LTF) token by Anemoy as of September 9, 2024, with a positive outlook.*

Rating Reports

Fixed Income

Apr 30, 2024

Particula Rating Report: Ondo Finance ($OUSG), April 2024

For the first time, Particula is opening up its digital asset risk assessment methodology by sharing one of its recent rating reports of the Ondo $OUSG token, which currently is assigned with a BB rating (speculative, high risk).

Latest News & Insights

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Beyond Reserves: Linking Blockchain Performance to Stablecoin Stability

Blog

Research Articles

Oct 9, 2025

Beyond Reserves: Linking Blockchain Performance to Stablecoin Stability

Stablecoins are foundational to DeFi, trading, and payments, yet peg reliability remains under scrutiny. Periodic deviations continue to raise questions about the resilience of issuers and the full set of factors underpinning peg maintenance.

Regulated Digital Asset Venues Launch GRADE to Create a Global ‘Passport’ for Tokenized Securities » Particula - The Prime Rating Provider for Digital Assets

Blog

Press Releases

Oct 14, 2025

Regulated Digital Asset Venues Launch GRADE to Create a Global ‘Passport’ for Tokenized Securities

A group of digital asset venues announces the launch of the Global Regulated Asset & Digital Exchange Alliance (GRADE), an initiative to harmonize and streamline cross-jurisdiction listings for tokenized securities.

Blog

Webinar

Jun 7, 2024

How to Increase Transparency and Activity in the Digital Asset Space

In an era of evolving financial paradigms, our recent online panel, “How To Increase Transparency in the Digital Asset Space” brought together leading industry voices to explore critical issues shaping the future of finance.

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